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Senior Product Manager Salary

Average pay for a Senior Product Manager in the United States is considerable, rounding six figures at $115K per year. Total cash compensation to Senior Product Managers approaches anywhere from $84K on the lower end to $159K on the higher end; in exceptional cases, this can include more than $25K from bonuses and upwards of $20K from profit sharing. The most influential factor affecting pay for this group is the company, though geography and tenure have a (lesser) impact as well. For the most part, Senior Product Managers enjoy their work and report high levels of job satisfaction. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$79,574 - $145,176
(Median)
$80K
$110K
$150K
MEDIAN: $114,811
10%
50%
90%

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$20.53 - $75.76
(Median)
$21
$58
$76
MEDIAN: $57.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$79,574 - $145,176  
   
Bonus
$2,964 - $24,817  
Profit Sharing
$1,935 - $19,918  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,361 - $159,334  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 3,025
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$20.53 - $75.76  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$2,964 - $24,817  
   
Profit Sharing
$1,935 - $19,918  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,361 - $159,334  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 21

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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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For Senior Product Managers, progressing to a VP of Product Management role may result in a significant raise. On average, a VP of Product Management can earn $176K annually. Going from Senior Product Manager to Product Management Director is the transition that occurs most often in this field, where the paychecks are $137K. Many others choose to work as Marketing Directors, where pay is typically $79K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Senior Product Managers fill the offices of leading firms Amazon.com Inc, T-Mobile, Inc., Oracle Corp., Cisco Systems Inc, and Express Scripts Incorporated. Yahoo! Inc. attracts talent by shelling out the biggest paychecks in the area — the median in that office is $165K. Also paying near the top of the field are Google, Inc. at $162K, eBay Inc. at $158K, and Cisco Systems Inc, where Senior Product Managers annually earn $158K.

Oracle Corp. reports the lowest median salary in the area by far — it's only $95K, 74 percent less than the top paying company. Express Scripts Incorporated, T-Mobile, Inc. and Amazon.com Inc are three other employers with a reputation for below-average pay, showing salaries around $100K, $120K, and $135K.

Popular Skills for Senior Product Manager


Senior Product Managers report using a large range of skills on the job. Most notably, skills in Strategy, Program Management, Product Marketing, and Strategic Marketing are correlated to pay that is above average, with boosts in pay of 6 percent. At the other end of the pay range are skills like Microsoft Excel and Microsoft Office. Those familiar with Product Development also tend to know Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Senior Product Managers — those with more experience do not necessarily bring in higher earnings. The average worker who claims fewer than five years of experience earns around $110K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $122K. For Senior Product Managers, 10 to 20 years of experience on the job amounts to an average salary of $128K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $130K.

Pay Difference by Location


California is a land of opportunity for Senior Product Managers. The state is home to the top three paying cities in the field, with Sunnyvale, San Jose, and Mountain View all offering salaries above the national rate. In Atlanta, salaries are 14 percent below the national average and represent the lowest-paying market. Employers pay around 12 percent less in Minneapolis and 11 percent less in Denver, below-median salaries for those in this field.

Related Job Salaries

United States (change)

Experience Affects Senior Product Manager Salaries



National Average
$124,000



Skills That Affect Senior Product Manager Salaries






Strategic Planning
up arrow 4%

Business Strategy
up arrow 3%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

Product Development
0%

National Average
$124,000

Business Development
up arrow 1%

Marketing Management
up arrow 2%

Project Management
up arrow 3%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 557 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
30%
10-19 years
47%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 79% employee benefits None: 4%